SMU Data and Models
June 12, 2022
John Packard: Market Sentiment, Distributor Spot Prices, Capitulation?
Written by John Packard
Steel Market Update just conducted one of our flat rolled and plate steel market surveys. The data collected consisted of responses from service centers (46% of respondents), manufacturing companies (32%), steel mills (10%), trading companies (8%), suppliers to the steel industry (4%), and toll processors (2%).
We intentionally weight the number toward distributors and manufacturing companies because we feel this provides us a better view of what is happening within the greater steel market.
